Form 4: Magyar Bancorp CEO Boosts Stake with Stock Purchase

Magyar Bancorp's President and CEO, John S. Fitzgerald, acquired 200 shares of common stock at $17.24 per share.

Summary

• John S. Fitzgerald, President and CEO of Magyar Bancorp, Inc. (MGYR), acquired 200 shares of common stock.
• The transaction occurred on November 6, 2025, at a price of $17.24 per share.
• Following this acquisition, Fitzgerald directly owns 86,382 shares of common stock, which includes restricted stock.
• Restricted stock vests at a rate of 20% per year, commencing on September 22, 2023.
• Indirect holdings include 15,195 shares via an ESOP, 12,823 shares via an IRA, and 39,801 shares via a 401(k).
• Fitzgerald also holds 60,000 stock options with an exercise price of $12.7.
• These stock options vest at a rate of 20% per year, commencing on September 22, 2023, and expire on September 22, 2032.

Sentiment

Score: 7

Explanation: An insider purchase by the CEO is generally a positive signal, indicating management confidence in the company's valuation and future prospects. The amount is relatively small compared to total holdings, but the direction of the transaction is positive.

Positives

• Insider buying by the President and CEO, John S. Fitzgerald, signals confidence in the company's future prospects.
• The acquisition of 200 shares at $17.24 per share increases direct ownership, aligning management's interests with shareholders.
• Significant indirect holdings through ESOP, IRA, and 401(k) further demonstrate management's vested interest in the company's performance.

Negatives

• No specific negatives are apparent from this insider purchase filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Management Comments

• No direct management comments or quotes are included in this Form 4 filing.

Industry Context

This Form 4 filing details an insider transaction and does not provide broader industry context.

Comparison to Industry Standards

• This filing is a standard insider transaction report and does not contain information for comparison to industry standards or specific comparable companies.

Related Party Transactions

• The acquisition of 200 shares of common stock by President and CEO John S. Fitzgerald is a disclosed related party transaction.

Stakeholder Impact

• Shareholders may view the CEO's purchase as a positive signal of confidence in the company's future performance and stock value.
• Employees may experience an indirect boost in morale due to perceived management confidence.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

The acquisition of shares by the President and CEO, John S. Fitzgerald, signals management's confidence in Magyar Bancorp's future. While this is a positive indicator, the transaction size is relatively modest, and a comprehensive investment decision would require a broader analysis of the company's financial performance, market conditions, and strategic outlook. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current positions while monitoring further developments.

Keywords

Magyar Bancorp, MGYR, Insider Trading, Form 4, Stock Purchase, CEO, John S. Fitzgerald, Equity Acquisition, Common Stock